Cisco Systems Inc Reported Higher Revenue

The 27 analysts offering 12-month price forecasts for Cisco have a median target of 33.00, with a high estimate of 38.00 and a low estimate of 25.00. On average, analysts expect that Cisco Systems will post $2.37 earnings per share for the current fiscal year.

Currently, CSCO has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company's latest earnings report.

The stock increased 1.06% or $0.34 during the last trading session, hitting $32.47. Over the last six months and over the last three months, the shares of Cisco Systems, Inc.

Cisco Systems (NASDAQ:CSCO) had its price target upped to $37.00 by RBC Capital in an issued report issued 02/16/2017. During the same quarter a year ago, the company posted $0.57 EPS. The Next Year EPS growth is 5.1%, Long term annual growth estimate of 10.93%, Annual EPS growth past 5 years of 6.05 percent. The consensus estimates by the analysts are projecting for $0.58 of earnings per share and $11.86 billion in revenue. FMR LLC boosted its stake in Cisco Systems by 1.4% in the fourth quarter. The firm has a 50-day moving average of $30.15 and a 200-day moving average of $30.48.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.58 per share according to consensus of 29 analysts. The company had revenue of $12352.00 million for the quarter, compared to analysts expectations of $12331.53 million.

The liquidity measure in recent quarter results of the company was recorded 3.60 as current ratio, on the other side the debt to equity ratio was 0.55, and long-term debt to equity ratio remained 0.55. The Stock now has the market capitalization of $164.7 Billion, P/E (price to earnings ttm) of 15.67 and Weekly volatility of 1.46% and monthly volatility of 1.18% respectively.

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. This represents a $1.16 dividend on an annualized basis and a yield of 3.53%. Cisco Systems'sdividend payout ratio is presently 49.52%. The consensus rating is 2.2, suggesting the market has given up on the stock. Trust Department MB Financial Bank N A now owns 21,733 shares of the network equipment provider's stock worth $596,000 after buying an additional 4,371 shares during the period. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Average Volume of the company is 40.46 Million, while the Relative Volume of the company is 1.81. Finally, Price T Rowe Associates Inc.

Although we were anxious about the lack of a December enterprise budget flush, we were negatively surprised that Switching sales dropped 5% y/y and missed our estimate by $143 million. Institutional investors and hedge funds own 75.24% of the company's stock.

RECCOMENDED STORIES

Brother of North Korean leader assassinated in Malaysia
It is widely speculated that Kim Jong Un felt threatened by his older brother, who had criticized the regime from afar. In 2001, Kim Jong-nam was caught with his wife and son trying to enter Japan on fake Dominican Republic passports.

Rangers announce manager Mark Warburton has resigned
Rangers insist Warburton left of his own accord amid claims he was surprised by the club announcing his exit. When you get asked to come to a club like Rangers then it's for sure a hard decision to turn that down.

Louis University hoops bus driver charged with DWI
Bonaventure in Olean, New York, and they were getting ready to head back to the Midwest when they realized their ride was gone. O'Callaghan said police don't believe Edmister was drunk when she drove the team to the arena.

Toyota Sequoia, Tundra TRD Sport models toughen up
The former is fitted with an automatic limited-slip differential while the latter gets the Dynamic Torque Control system. The 2018 Toyota TRD Sequoia Sport mirrors numerous updates found on the Tundra TRD package, and shares the 5.7-liter V-8.

Caster Semenya awarded gold for 800m at 2012 London Games
Mariya Savinova has been banned from athletics until 2019 after she was found guilty of doping for over three years. Savinova won the race in a world-leading time of 1:56.19, beating the South African favourite into second place.

Real Madrid roar back to claim victory over Napoli
Isco restored Real's lead in the 62nd and Zinedine Zidane's side added a third through Vazquez with the last kick of the game. Maurizio Sarri and his Napoli team can take heart from the fact that Madrid do tend to struggle against Italian sides.

Chris Kennedy to Run for Governor of Illinois
The 53-year-old Kennedy is a businessman and real estate developer in Chicago , the third largest city in the nation. Pawar finished second, receiving 15 percent of the vote, while Kennedy pulled in 12 percent.

At Least 1 Dead as Winter Storm Niko Hits Northeast
Chris Christie on Thursday told non-essential employees to stay home A winter storm watch remains in effect for most of the state. Subway service in NY is still as functional as it ever is, though the Long Island and Metro-North Railroads experiencing delays.